Will ‘De-Funding Police’ Affect Urban Apt Rents?

If Minneapolis’ decision today to “de-fund” police becomes a trend in other urban markets, should the apartment industry begin to think about how urban apt rents could be affected?

I believe the LA City Council is considering similar. (Pictured, a scene in LA posted by Yahoo! News)

I would love the viewpoints from multi-family owner/managers with a presence in urban areas. Please enter thoughts in the Comments section below.

And as for schools, some districts (such as Portland) is removing a police presence in their schools, which was in response (way back) from the Columbine shootings. Will families adjust their neighborhood preferences based on such policies?

Here’s a story I wrote just a few days ago about the desire of renewing urban renters to live in fringe suburban areas, including some specifics from Templeton Apartments in Portland, Ore., which saw a fairly significant move in that direction in the past few weeks — even before the protests.

https://www.loopnet.com/learn/suburban-apartments-show-new-signs-of-demand-/1644217804/